Financial, Government & Corporate Corruption & Cronyism

Well now so much for this just being (or even primarily being) Greece and France…. “Today, the Treasury is practically the only one that finances itself on the markets,” he said in the Senate in Madrid today. Being locked out…

The results of the elections in France and Greece have made it abundantly clear that there is a tremendous backlash against the austerity approach that Germany has been pushing. All over Europe, prominent politicians and incumbent political parties are being…

Gaaaaaaak! Consumer credit increased at an annual rate of 7-3/4 percent in the first quarter. Revolving credit was little changed, while nonrevolving credit increased at an annual rate of 11-1/2 percent. In March, consumer credit increased at an annual…

Here it comes…. “It is not possible to renegotiate the fiscal pact,” government spokesman Steffen Seibert said during a news conference. He noted that 25 of the 27 EU member states had already signed the accord imposing strict budgetary discipline…